"Quite simply, it is time to bring real leadership to Washington," the 69-year-old Celebrity Apprentice boss said. "The fact is, the American dream is dead -- but if I win, I will bring it back bigger and better and stronger than ever before."

"They don't even have a chance. They're controlled fully by the lobbyists, by the donors, and by the special interests -- fully!" he declared. "Our country needs a truly great leader and we need a truly great leader now. We need a leader that wrote 'The Art of the Deal.' We need a leader that can bring back our jobs."

Ivanka Trump stood by her father, and called out his accomplishments in business when introducing him. "I can tell you that there is no better person than my father to have in your corner when you are facing tough opponents or making hard decisions," she said of the Republican entrepreneur. "He is battle-tested. He is a dreamer, but, as importantly, he is a doer."

The Democratic National Committee released a statement upon hearing of Trump's candidacy. "Today, Donald Trump became the second major Republican candidate to announce for president in two days," DNC National Press Secretary Holly Shulman said. "He adds some much-needed seriousness that has previously been lacking from the GOP field, and we look forward hearing more about his ideas for the nation."

NBC also addressed how Trump's reality show will be affected now that he's running for president. "We will re-evaluate Trump’s role as host of Celebrity Apprentice should it become necessary, as we are committed to this franchise," the network said in a statement.

Upon announcing his run for president, Trump's financial disclosure documents were made public, citing that his net worth is nearly $9 billion.

Do you think Trump is a credible candidate? State your case in the comments and tweet #ETnow.